Abbot Financial Management Inc. Buys 1,079 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Abbot Financial Management Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,012 shares of the company’s stock after acquiring an additional 1,079 shares during the quarter. PepsiCo accounts for 1.0% of Abbot Financial Management Inc.’s portfolio, making the stock its 29th largest position. Abbot Financial Management Inc.’s holdings in PepsiCo were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA raised its holdings in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc bought a new stake in shares of PepsiCo in the 4th quarter valued at about $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $39,000. Finally, Avion Wealth raised its holdings in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PepsiCo Trading Up 0.4 %

NASDAQ PEP traded up $0.77 during mid-day trading on Tuesday, reaching $181.08. 3,127,600 shares of the stock were exchanged, compared to its average volume of 5,515,910. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38. The stock has a 50 day simple moving average of $173.35 and a 200-day simple moving average of $169.81. The stock has a market cap of $248.95 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.97 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush restated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $187.58.

Check Out Our Latest Stock Analysis on PepsiCo

PepsiCo Profile

(Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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